Emc² Corp., IBM Corp. and McAfee Inc. are three key vendors highlighted in a new Technavio report
London, 28 May 2015 – Technavio has published a new report on the global security software market in the telecom industry, which is expected to grow at a CAGR of more than 13% from 2015-2019.
Security software market segmentation including geography and vendor insights
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation by key geographies including the Americas, EMEA and APAC regions.
The global security software market in the telecom industry is characterized by the presence of well-diversified international and regional vendors concentrating on technological advancements and frequent changes in consumer preferences.
“Telecom service providers are increasingly adopting SaaS-based security solutions because of the various benefits they offer, which include the availability of pay-per-use models and instant access,” says Faisal Ghaus, Vice President of Technavio.
Security software: Market scope and calculation of market size
The new Technavio report covers the present scenario and growth prospects for the global security software market in the telecom industry. To calculate the market size, Technavio considered the revenue generated from the sales of security software solutions in the telecom industry and the consolidated revenues from the Americas, EMEA, and APAC regions.
Industry analysis includes:
Key Vendors:
- Emc² Corp.
- IBM Corp.
- McAfee Inc.
- Symantec Corp.
- Trend Micro Corp.
Market Growth Drivers:
- Growing Need to Secure Networks
- Increased Advanced and Sophisticated Threats
Market Challenges:
- Presence of Inexpensive Security Solutions
- High Total Cost of Ownership
Market Trends:
- Popularity of SaaS-based Security Solutions
- Convergence of Technologies
View the global security software market in the telecom industry report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
